ASML Holding NV canceled shipments of some of its chip making machines to China at the request of US.
Biden is cracking down on Beijing’s attempts to create its own advanced semiconductor industry, and the US and its allies are blocking access to imported technology. China’s Huawei Technologies Co. produced a smartphone to rival Apple Inc.’s iPhone last year using top-of-the-line chips made with ASML’s immersion lithography machines, Bloomberg News has reported.
A spokesman for the Chinese Foreign Ministry called the US’s intervention in China’s access to technology an act of “hegemony” and urged the Dutch government to “respect the spirit of the contract and world order, to safeguard the mutual benefits of the two countries.”
Between July and November, China’s imports of lithography machines surged more than five times.
Jeffrey Newman Esq. represents whistleblowers worldwide under the SEC, CFTC and FINCEN whistleblower programs. Persons providing original information to these agencies through counsel, may receive rewards totaling up to 30 percent of a successful recovery made by the SEC, CFTC OR FINCEN and the names and identification of the whistleblowers are confidential. Jeff Newman can be reached at Jeff@Jeffnewmanlaw.com or at 617-823-3217
